Governing the Corporation: Regulations in the Era of Scandals and Globalization

Naheeda Ali and Kanwal Iqbal Khan

Journal of Accounting and Finance in Emerging Economies, 2022, vol. 8, issue 1, 153-164

Abstract: Purpose: This study evaluates the effects of the global financial crisis rooted in ethical deterioration. However, the worldwide regulatory reform agenda has largely overlooked this factor and focused on the technical needs. Also, look at the relative influence of various players within the corporate governance and regulatory equation to determine the shape that enforcement takes.Design/Methodology/Approach: The qualitative method is used in this study by analyzing statutes, local and international protocols, conventions, and treaties.Findings: In this work, the magnitude of the global financial disaster has shown how erroneous market ordering optimism. The tangible and conceptual certainty linked with finance capitalism's primacy has vanished. This has created a debate regarding the privileged and the general public. The critical question is how to respond. Rules are too readily transacted around, and principles lack the granularity to be enforceable to address ethical flaws.Implications/Originality/Value: We must pay considerably greater attention to the moral dimension of market activity or how people live their lives professionally. It is a chore we should avoid at all costs.

Keywords: Financial Scandals; Ethics; Corporate Governance; Corporate Regulation; Financial Crises (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:src:jafeec:v:8:y:2022:i:1:p:153-164

DOI: 10.26710/jafee.v8i1.2235

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